Black Horse Mining (ASX:BHL) ROE % Adjusted to Book Value: -35.51% (As of Dec. 2025)


ASX:BHL Black Horse Mining Ltd ASX:BHL
13 GF Score
Price A$0.19
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What is Black Horse Mining ROE % Adjusted to Book Value?

Black Horse Mining ASX:BHL -5.00% 13 ROE % Adjusted to Book Value is -35.51% as of Dec. 2025. GuruFocus rates ASX:BHL with a GF Score™ of 13/100.

Black Horse Mining's ROE % for the quarter that ended in Dec. 2025 was -104.05%. Black Horse Mining's PB Ratio for the quarter that ended in Dec. 2025 was 2.93. Black Horse Mining's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 was -35.51%.

Black Horse Mining ROE % Adjusted to Book Value Related Terms

Black Horse Mining ROE % Adjusted to Book Value Historical Data

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The historical data trend for Black Horse Mining's ROE % Adjusted to Book Value can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Black Horse Mining ROE % Adjusted to Book Value Chart

Black Horse Mining Annual Data
Trend
ROE % Adjusted to Book Value

Black Horse Mining Semi-Annual Data
Dec25
ROE % Adjusted to Book Value -35.51

ASX:BHL vs NEM, AU: ROE % Adjusted to Book Value Comparison

For the Gold subindustry, Black Horse Mining's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Black Horse Mining ROE % Adjusted to Book Value vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Black Horse Mining's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Black Horse Mining's ROE % Adjusted to Book Value falls into.


ASX:BHL
13GF Score
Black Horse Mining Ltd ASX:BHL
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Black Horse Mining ROE % Adjusted to Book Value Calculation

Black Horse Mining's ROE % Adjusted to Book Value for the fiscal year that ended in . 20 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=0.00% / N/A
=N/A

Black Horse Mining's ROE % Adjusted to Book Value for the quarter that ended in Dec. 2025 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=-104.05% / 2.93
=-35.51%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a ROE % Adjusted to Book Value of -35.51% mean?
Black Horse Mining (ASX:BHL) has a ROE % Adjusted to Book Value of -35.51% as of Dec. 2025. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Black Horse Mining and its competitors.
Is Black Horse Mining's ROE % Adjusted to Book Value too high?
Black Horse Mining's current ROE % Adjusted to Book Value is -35.51%. Overall, Black Horse Mining has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does Black Horse Mining's ROE % Adjusted to Book Value compare to NEM and AU?
Black Horse Mining's ROE % Adjusted to Book Value of -35.51% can be compared against companies in the Metals & Mining industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for a Metals & Mining company?
A good ROE % Adjusted to Book Value depends on the Metals & Mining industry context. However, ROE % Adjusted to Book Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Black Horse Mining and its competitors. Black Horse Mining's current ROE % Adjusted to Book Value is -35.51%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Black Horse Mining stock overvalued right now?
Black Horse Mining (ASX:BHL) has a current ROE % Adjusted to Book Value of -35.51%. The current ROE % Adjusted to Book Value is -35.51%. Black Horse Mining's overall GF Score™ is 13/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Black Horse Mining (ASX:BHL), the current ROE % Adjusted to Book Value is -35.51% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Black Horse Mining Business Description

Other Exchanges O3X:Germany
Address 8/110 Hay Street, Suite 8, Subiaco, WA, AUS, 6008
Black Horse Mining Ltd is a mineral exploration and development company focused on the acquisition, exploration, and development of gold projects, including the historic Mt Egerton gold mine in Central Victoria, Australia.
13GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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